Business news from Ukraine

Business news from Ukraine

United Arab Emirates will invest $1.4 trln in US economy over 10 years

The United Arab Emirates (UAE) will invest $1.4 trillion in the US economy over the next 10 years, the White House said in a statement. The investment plans were announced after US President Donald Trump met with UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan this week.

“The new plan envisages a significant increase in the UAE’s current investments in the US economy, particularly in AI infrastructure, semiconductor and energy industries, as well as in the US industrial sector,” the statement said.

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Structure of foreign exchange reserves as of 31.10.2024

Structure of foreign exchange reserves as of 31.10.2024

Source: Open4Business.com.ua

China’s overseas investment in January-February rose nearly 10 percent to $23 billion

China’s total overseas non-financial direct investment (ODI) in January-February rose 9.1 percent year-on-year to $22.97 billion, the Ministry of Commerce said.

The amount of money invested in states along the Belt and Road rose 17.6% to $5.52 billion, Xinhua news agency quoted the ministry as saying.

As reported, by the end of 2024, the total volume of Chinese ODI increased by 10.5% to $143.85 billion.

 

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Fuel prices are decreasing in Ukraine

On March 22-23, the cost of fuel on the steles of premium networks of filling stations OKKO and WOG decreased for diesel and gasoline A-95 by 5 UAH/l – to 52.99 and 53.99 UAH/l respectively, for liquefied gas (LPG) – by 3 UAH/l, to 35.48-35.49 UAH/l. The companies announced this on their Facebook pages on Saturday.

“Fuel prices are valid when refueling at all filling stations of the network (…) are valid when buying at “Gamanets PRIDE” up to 500 liters”, – noted, in particular, in WOG.

In turn, according to enkorr, the Kiev network of filling stations KLO from March 22 to 24 reduced prices for light petroleum products by 5-7 UAH/l depending on the brand, for LPG – by 2 UAH/l. Discounts are valid only upon presentation of a coupon at the cash desk.

According to enkorr, since the beginning of the week the trend of cheaper fuel has started in retail chains. In particular, the cost of fuel, depending on the operator and type, has decreased to 2 UAH/liter.

 

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Analysis of residential real estate market in Montenegro in 2024 and forecasts for 2025

The residential real estate market in Montenegro in 2024 showed a significant increase in prices for both apartments and houses. The average cost of housing in new buildings increased by 20%, reaching EUR 1,844 per square meter.

Regional differences in prices:

  • Podgorica: In the capital, the average housing price increased by 11.5% to 1,763 euros per square meter in the second quarter of 2024.
  • Coastal areas: In the coastal region, prices for apartments and houses increased by almost 30% over the year to 2,028 euros per square meter.
  • Central region: In the central region, the average price of housing increased by 34.5% compared to the previous year and amounted to 960 euros per square meter in the second quarter of 2024.
  • Northern region: In the north of the country, the average cost of new housing rose by 7.1% to €1,306 per square meter.

Price growth factors:

  • Demand from foreign investors: Montenegro continues to attract foreign buyers due to its loyal tax policy and prospects of joining the European Union.
  • Limited supply: In popular tourist regions such as Budva, Tivat and Bar, there is a shortage of luxury housing, which contributes to the growth of prices.
  • Economic reforms: Montenegro’s accession to international organizations and expected accession to the European Union make the region more stable for long-term investment.

Forecast for 2025:

Experts predict continued growth in real estate prices in Montenegro in 2025, especially in areas with developed tourist infrastructure. Demand for luxury properties in coastal areas is expected to remain high, leading to further price increases.

Buyers are advised not to postpone their decision to purchase real estate, given the current market trends.

It will get colder and rainy in Ukraine

Rains are expected on the night of March 23 in Zakarpattia and Ivano-Frankivsk regions, and on Sunday afternoon in western, Zhytomyr and Vinnytsia regions, while the rest of Ukraine is expected to be without precipitation, the Ukrainian Weather Center reports.

Southeast wind, 7-12 m/s, gusts of 15-20 m/s during the day in Rivne, Khmelnytsky, Chernivtsi, Zhytomyr, Vinnytsia and Kyiv regions. Temperatures at night will be from 1° below zero to 4° above zero, in Transcarpathia and Prykarpattia 1-6° above zero; during the day 9-14° above zero, in the Carpathians 5-10° above zero.

No precipitation in Kyiv on March 23. Southeast wind, 7-12 m/s, gusts of 15-20 m/s during the day. The temperature will be 1-3°C at night and 11-13°C during the day.

According to the Borys Sreznevsky Central Geophysical Observatory. Borys Sreznevsky Central Geophysical Observatory, in Kyiv, for the entire period of observation on March 23, the highest daytime temperature was 20.4°C in 1913, the lowest nighttime temperature was -17.3°C in 1942.

On Monday, March 24, moderate, sometimes heavy rains are expected in the western and northern regions, light rains in most of the central, Odesa, and Mykolaiv regions, and no precipitation in the rest of the country.

Southeast wind, 7-12 m / s, during the day in Ukraine, except for most of the western and eastern regions, gusts of 15-20 m / s. The temperature will be 2-7° Celsius at night, 9-14° Celsius during the day, 11-16° Celsius in the southern and central regions.

It will rain in Kyiv on March 24. Southeast wind, 7-12 m/s, gusts of 15-20 m/s during the day. The temperature at night will be 4-6° Celsius, during the day 11-13° Celsius.

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